SEOUL (Bernama-Yonhap): South Korea is projected to see its population drop significantly over the next 50 years, and its global population ranking fall by 30 notches over the ultra-low birth rate and rapid aging, data showed Monday.
The country's population is projected to come to 36 million in 2072, down 30.8 percent from this year's 52 million.
Its population peaked in 2020 and has been on a decline, Yonhap news agency reported, citing data by Statistics Korea.
The world population, however, is forecast to continue to rise during the cited period to reach 10.22 billion in 2072, compared with an estimated 8.16 billion this year.
South Korea was the world's 29th most populous country in 2024, but the ranking is expected to fall to 59 in the 2072, the agency said.
The country is facing grim demographic challenges as many young people opt to postpone or give up on getting married or having babies in line with changing social norms and lifestyles, as well as amid the tough job market and rising home prices.
The fertility rate, the average number of children a woman bears in her lifetime, came to a fresh low of 0.72 in 2023, down from 0.78 the previous year.
It was much lower than the replacement level of 2.1 that would keep South Korea's population stable at 51 million.
According to the forecast, South Korea's population dependency ratio is projected to grow to 118.5 people in 2072 from this year's 42.5 people, which means much greater pressure on the productive population.
The ratio refers to the percentage of children aged 0 to 14 and adults aged 65 or older to 100 economically productive people, or those aged 15 to 64.
South Korea is widely expected to become a super-aged society in 2025, in which the proportion of those aged 65 and older will hit 20 percent of the total population.
The country became an aged society in 2017, as the proportion of such people exceeded 14 percent.
India was the most populous country in 2024 with 1.45 billion, followed by China with 1.42 billion and the United States with 345 million.
In 2072, India is forecast to maintain the top position to be followed by China and the US. - Bernama-Yonhap
